2012-12-01
2012-12-31
x europe

STATION
CNBC 29
CSPAN 22
CSPAN2 20
KTVU (FOX) 6
KQED (PBS) 4
KRCB (PBS) 2
LINKTV 2
CNNW 1
KQEH (KQED Plus) 1
WUSA (CBS) 1
LANGUAGE
English 94

Set Clip Length:


deadline threatening the u.s. economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the co

that would hit ports stretching from massachusetts to texas could have a ripple effect on the national and global economy. just days after a west coast port strike was resolved, this new walkout is being threatened by nearly 15,000 longshoremen union members who are upset over wages and royalty payments. the strike would cripple 15 different ports. the union did not answer our calls, but the national retail federation says the walkout would cause a national economic emergency, and urges president obama to use "all means necessary" to prevent a strike. "we thnk the ripple effect would be fairly significant. all the industries that rely on parts, both importers and exporters, manufacturers, farmers, truckers, rail, you name it, all rely on the ports to move the nation's and global commerce." that was jonathan gold, vp of the national retail federation. the current contract expires at midnight on december 29th. lawmakers remain divided today over a deal to avert going over the fiscal cliff. last night, the house passed legislation known as plan b, which raises taxes on americans earning $

to the port of dunkirk. that's what we know as the evacuation of dunkirk. >> before you go any further, when did the british come across the channel into france? >> i think they must have done this, maybe even as early as 1938, or, but certainly after the war in 1939 started. they put the british army next to the french in anticipation of the germans coming. of course, by land through the low lands in belgium. so the british army was there in place. and it was really the best that they had. so the fact that they were pushed to dunkirk and forced to evacuate -- >> which is on the channel. >> is on the channel, was a tremendous blow to the british, and to the french. the british of course had to leave the continent across the channel, and the french were then crippled in defense of paris. part of the problem with the dunkirk evacuation by the british was that the left all their equipment in france. they had no time to take their guns, their tanks, their trucks. so the when the british soldiers ended up in southern england after the evacuation, they really only had uniform's on the backs. >> wh

me free. ( accordion playing ) >> narrator: odessa, ukraine: a port town on the black sea known for its nightlife and its beautiful women. under the old soviet union, it was a center of organized crime. now odessa has become a major hub for the global sex trade. women are lured to the port of odessa from all over the struggling countries of eastern europe with promises of badly- needed work abroad. many are unaware of what the traffickers have in store. the production team has set up cameras here. >> we knew that if we wanted to get inside the story that we had to be in a place where it was so prevalent that everybody would have an example or know people who were trafficked. and that's what brought us ultimately to odessa. >> narrator: frustrated with an inability to chase the traffickers overseas, the ukrainian secret service has given us a tip about a suspected sex trader who regularly brings girls through here. across from the port, on the famous odessa steps, we secretly film as she traffics young women to turkey. we've been asked to call her olga. >> the secret service said

. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct

bertha. >> good evening. hopefully it will be averted. the director of the port authority is encouraging the authorities and passengers and cargo airlines to work together and resolve their differences. they want more training and better equipment. the port authority says a strike would be disruptive. and software sales rose 17%. results suggest that it hasn't crimped it spending. and a sweet story about a honeymoon at the waldorf astoria 60 years ago. the hotel honors an veries if you have your receive. he and his wife thought it would be nice to have pancakes for breakfast. but the pancakes were at the 2012 rate which is $24 for room service. $21 for the room, $24 for the breakfast. larry, everything goes up, and this was the second time they did it this year. they had a couple that paid $16.80. >> plus the pancakes. but that is a far cry from the pensional suite which is $8,000 a night. >> the nation still looking for answers after the newtown shootings. right now more information about this mass killer. we are about to talk about all of this with two former fbi profiling experts. tha

port, which is an ancient port in greece and one of the most important ports in the southern mediterranean. what they did was they basically took an operation that had been effectively lagging under greek ownership and completely turned it around. > > have the the greek people been welcoming of this? the chinese work way is much different from the european way, let's say. > > the chinese have an extremely efficient working practice. as one spokesman there put it to me, they basically run their business by showing that they work 24/7, that has actually rung alarm bells, though, among a number of greek workers, particularly unionized workers, reporting that they believe that this chinese company is basically bringing chinese third-world labor standards to greece and really to europe. > > i'm curious about that. how does that work with wages for instance? > > the company, cosco, took pains to try to integrate itself here in greece, to show that they were not an invader and to try to persuade greeks that they were not coming in here to basically sort of lower working standards in

billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first time in its 78-year history. i would like you to help the committee gain insight into the fiscal challenges at the f.h.a. and what h.u.d. has done and can do to mitigate losses and address the shortfall in the capital reserve ratio. f.h.a. has been helping save lives of the mortgage market by ensuring that qualified lower to moderate income and first time home buyers have access to credit since 1934. since the beginning of the financial crisis, the f.h.a. has increased its market share from below 5% in 2006 to about 30% at its peak volume in 2009, in pursuant of that mission. this cyclical expansion was essential to the mortgage market, especially for first time home buyers who have comprised 78% of single family loans insured by f.h.a.

. > larry, thanks for coming on the show. have a good day. the largest shipping port in the nation that has been shut down by a strike for days could be closer to re-opening. union workers and ship-owners are meeting with a federal mediator. the walkout by 800 office clerical workers started november 27th against shipping lines and terminal owners. the office workers have been without a contract since june of 2010. they were joined on the picket lines in l.a. and long beach by dockworkers and truckers, bringing business to a standstill at those ports. shipping companies say the employees have been offered job security, along with generous wage and pension increases. workers contend their jobs are being shipped overseas. "we're not asking for money, we are asking for jobs, and most peopls are saying you are being greedy. no, that's not the whole point." the mayor of l.a. says the strike is costing the local economy billions of dollars per week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no dea

,000 in gifts. now the audit says it may violate state and federal laws. $50,000 in expenses may expose the port to tax liabilities. the audit details more than $19,400,000 in questionable port expensions that included a cons-- expenses that included a consered. card spending limits -- concert. card spending limits are too high. management's response, they don't have enough resources for stricter review. >> it is something we take seriously and are not going to close our eyes to. >> reporter: also today they announced the retirement of its director. they have reimbursed the port $5,400 for money spent at strip clubs. one in houston and a second club in minneapolis. it is a strip club and not an inexpensive one. coming up tonight at 6:00 p.m., why receipts we found at a karaoke bar are not part of this report. noelle walker, ktvu channel 2 news. . >>> pedestrian in san francisco was killed today. he was walking long market street and crossing about 2:30 p.m. this afternoon when it happened. a witness saw a white dodge ram hit the man and drove away. police stopped the driver. there is word the dr

situation. the puellab tribe, the port and city of tacoma and others all had a difficult dispute going on. the end result was the second largest native american land claim settlement in u.s. history. and the deal led to tremendous economic growth for the tribe, for the port, and for the surrounding communities. senator inouye, as i said, was the chairman of the select committee on indian affairs in 1980 when the puelab tribe successfully sued to assert its claim for land around its reservation, and this land included the port of tacoma, many parts of downtown tacoma, the towns of fife and puelab. and because of his strong commitment to native american rights, the puelab trusted senator inouye to serve as an intermediary between the parties involved in the negotiations and to try to resolve this dispute. he made around a dozen trips to washington state at key moments of this negotiations. if you can imagine a senator who has to represent his state, be a leader on the appropriations committee, would spend so much time on one particular dispute. during one session at a tacoma hotel, senator

strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen

company. the tanker left a port in northern norway early last month. it then sailed through the arctic ocean along the russian coast and through the bearing strait. the route opened up as ice melted due to global warming. the distance is two-thirds that of the regular path which passes through the suez canal in egypt. the arctic route will enable japan to increase it's lgm imports and diversify it's lgm imports, cutting the energy dependence on the middle east, but challenges remain, including cost problems. it have russian government is making it a requirement for tankers that follow that route to use russian ice breakers. it's not only natural gas, the japanese are looking to other energy sources to replace nuclear power after last year's nuclear disaster. an exhibition featuring the latest using solar powered technology has begun near tokyo. about 200 companies are taking part from japan, china and germany and several other countries. demand is growing in japan has power companies are now required to purchase renewable energy. but japanese solar makers lag behind overseas competitor

of the export numbers here. the exports came in at 9% growth. but that was supposed to be a slowdown. tim port numbers came in at zero growth and a lot of people were expecting to see an easing of 2% growth. so the figures that came out really were underscoring people's concerns, especially in the manufacturing sector about the health of the growth demand, specifically to europe as well as to the united states. so the shipments to the u.s. looks pretty bag. they clocked negative growth. this is very rare. and the shipments to europe were even worse. we saw shipments to europe fall by 18% year on year. this is the worst performance that we saw in three years. so overall, peek are quite concerned about the fiscal cliff, they're worried about whether or not the countries in those parts of the world will continue to by chinese aid goods. if you look at those figures in isolation would show a negative picture. however, if you look on the other side, there are some other numbers that were offsetting those trade data figures. we had the factory overput figures over the weekend. retail sales numbers c

shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like information technology, human resources, finance and purchasing. by 2016, the firm says another 375,000 jobs will have gone to places such as india, china, mexico and the philippines. just one day after apple reveals it will manufacture some of its products in the u.s., foxconn says it may follow suit. foxconn, apple's primary manufacturer in china, says it is considering expanding its operations in the u.s., where it currently has two factories. foxconn has seen its image suffer of late following revelations that workers are subjected to poor working conditions and mandatory overtime at factories in china. the company says expanding its american operations is part of a long-term global expnasion

-spki count i thegio the. pierre-etienne la porte is the director of a government-run research organization called the french language council. translator: one has to keep in mind that quebec is in a very special situation as a result of its proximity to the american giant. from a geo-linguistic perspective, english has an influential presence here, because we are deeply integrated into american civilition, which is the civilization that surroundss. narrator: nearly half of quebec's seven million people live in the city of montreal, and it is here that the battle between french and english is most heated. the québécois recognize that protecting language is the most effective means of preserving culture. to help get protection from english, the quebec government turns to the federal government. historically, it was montreal's english-speaking minority who held theconomic we inhe province. although this community was only one-quarter of the population of montreal, the language used in business and commerce, and on many public signs, was english. but signs like this one are now a relic of th

's port town on the indian ocean. she met with the president to discuss the $50 billion u.s. dollar project which includes a deep seaport and power plants. it was the first visit by a thai prime minister since the two countries signed a memorandum of understanding in 2008 to develop the area. >> translator: by april of next year, clearer details should be available, and we should also be able it to invite investors to join the prakt. >> the dawei project is set to become the major access point connecting the indian on or about ocean to the south china he sea. it should be a new trading route for thailand and for myanmar a gateway for foreign investment. the project gained extra attention since myanmar launched the open door policy along with economic and credit reforms. >>> land mines and unexploded ordinane ordnance is the danger of war. we have the story. >> a small village in eastern afghanistan mourns the loss of its children. on monday the bodies of 11 girls, aged between 9 and 11 years old, were laid to rest. >> translator: the girls were trying to collect firewood outside the

. they failed to register with the authorities, but the workers say they cannot afford it. from this port town, which got reports. >> living in crushing policy committee living in crushing poverty with no prospect of work -- living in crushing pov erty, she has left. >> today that dream is over. >> she works at a fish cannery south of bangkok, making $270 a month. she paid off her debt to the one who ranger job, but had to take out -- who arranged her job. now there is the possibility should be deported. she could not afford the fees to have the application process done, and it has been extended six times. according to the author of a study on migrant workers in thailand, now that it is being held -- >> there will be open season on migrants. everyone of these deadlines, the way the policy works, who is accompanied by a crackdown. >> it usually comes with payoffs to the police. but the thailand government says this time will be different. the labor minister says there is corruption but when the new administration will limit the opportunity for extortion. >> i cannot tell you 100 percent that it

dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global supply chain. if they're not operating efficiently, it slows down the system and hurts everything using the system. >> reporter: negotiations between the international longshore men union and the shipping companies are deadlocked. a shutdown would affect 15 points from boston down the east coast of florida and into the gulf of mexico as far west as houston. these ports handle nea

: a strike that ships down most of the los angeles and long beach port complex for a lot of crucial ships entering the 7th day. it is a serious cause for alarm as in "santa claus." the longer it stays on the ship the less likely it lands on santa's sleigh. explain this. >>guest: right our biggest concern is we have ports shut down. a majority of the holiday merchandise has arrived in the united states right now there is the last big push to get the holiday merchandise to the stores and they are stuck on ships at sea. >>neil: if you don't follow this stuff, if this age of time inventory, retailers do not stack a lost stuff on their shelves, to save money and, also, to respond quickly to what is selling hot and what is not and a lot of this stuff on the ships is pretty hot, what could be affected for people. >>guest: it can be everything from wearing apparel, and consumer electronics, and foot wear, and home goods and folks are actually looking at bringing in spring merchandise so you are looking at patio furniture. >>neil: what would happen to the prices of those goods, then, if they are i

port for which he was unlikely around the world ambassador. the document raised eye brows at start of the journey, once it bore an expressive they stamped without suspicious. he arrived back in shanghai two years after the day that i set out with my passport, no visa, a broken down old bicycle and twenty dollars. he fulfilled the promise to continue to make a full global circle on the same motorcycle. so there you have it. a very, very small sample of the unusual people who have somehow found necessary to go around the world. very different reasons. so thank you. and any questions? [applause] >> when i heard about your book or heard about circumnavigating i think of people heading out east or west. are there any tails of people going -- tales of people going north or south? >> yes, thank you. a circumnavigation has a classic circumnavigation has one unusual element. it's the only form of time travel ever been proven to exist. as you go around east or west you gain or lose a day, right. so if you go over the poles you don't lose a day. there isn't the time travel. to honor that dist

, philadelphia, charleston, and other ports. this was the original tea party movement. it was not patriotic. it was not pretty or glorious. the furry climaxed thursday, december 16th, 1773, just before kris christmas, and the dumping of a million dollars worth of british tea. the people who dumped them amounted to about six or seven dozen men, nobody knows exactly how many were there. it was dark. many disguised themselves as indians. ironically, the white colonist who slaughtered indians on site, disguised themselves as indians baa they regarded them as a symbol of freedom. this unleashed a social, political, and economic upheaval they would never again be able to control. the tea party provoked a reign of terror in boston and other american cities with american inflicting unimaginable bar bareties on each other. they dumped ships, boston staged a second tea party a few months after the first one. the mobs showed no dissent, burning homes of anyone they suspected of favoring british rule and sent their dreaded imitation of the inacquisition coach to the doors of citizens who dared voice su

force. >> 30-day contract extension agreed to by the long shoreman shipman and port operators friday temporarily averts a shutdown of the 14 ports from massachusetts to texas. 14,000 long shoremen still find their jobs threatened by out automation. today it takes one long shoreman to do the works of three we have seen before. >> efficiency and new productivity, machines come in play. people are displaced by that. to maintain cost and come pettive market we have to pay attention to. president obama is beholden to unions. he's made a point of supporting them. >> look at how the unions built the stronger middle class and stronger america. >> day after that, michigan became the 24 state to pass right to worklaugh. the president option to reward unions are limited. >> we'll expect the leadership from president obama. >> more than 5700 new regulations posted in 90 days alone. >> way to do it from the union per speculative to raise the workers' pay around the world. >> laying the ground work to protect workers from detroit to juarez to shanghai to bogata. getting the government and multinat

to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those

get to your calls. this is the lead story in the "l.a. times" class morning. port strike part of a bigger fight. the eight-day strike that crippled one of the world's busiest ports reflected a clash that is playing out across the global shipping industry as ports and their unionized work forces gird for an era of briskly expanding foreign trade. the strike that shut down the ports of los angeles and long beach paralleled the generational skirmishes that have ripped through factory shops. cargo companies and ports want to cut costs and automate operations to compete with aggressive rivals in canada and south america. that is pitting them against unions, which are struggling to reserve high-paying jobs for the middle-class members. it was resolved late tuesday, according to this article. here is the front page of the press." feet frefree state says detroit out of time to fix its fiscal mess. falling revenues and rising expenses. the state of michigan delivered an abrupt ultimatum to the city wednesday. move quickly toward reform, or an emergency financial manager will be reporte

issues like liquidity. >>> and a strike at the port in long beach could cost the u.s. economy $1 billion a day. more details when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ember 22nd for christmas delivery. >>> you'euro slightly firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just abou

of the ports of los angeles and long beach. striking clerical workers and longshoremen who refuse to cross picket lines will be back on the job later. shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> a recap of the headlines. the fiscal fight rages on in washington as republicans try to fend off an internal divide. shanghai stocks jump after china's government plengs to support pro-growth economic r

,s that actually have a much happier ending. there is a deal to end the eight-day los angeles port strike. striking harbor clerks reached a tentative settlement with management with the ports of los angeles in long beach last night. that strike idled most of america's strongest cargo complex. i think the strike originally started on november 27th. if you think it's not a big deal, there's a billion dollars in goods that goes through this port every single day. it's the largest port in the united states and it was affecting not only that port and all of the ships that had been sitting out waiting to get in with those goods. also truckers who come in and bring those good across america. they had been idled, too. it looks like the port is going to be open once again today. >>> also today is expected to be a big day of protests in egypt. this is video that you're looking at right now from cairo's tahrir square earlier this morning. things were quiet when this video was taken, but expected to be much different later on. television stations across the country planned to go dark today, joining a growing l

cormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >> caller: doing great. what are your thoughts on a long position in tdg for the upcoming year? >> oh, man, come on, aerospace, i love it. the stock is up 50%. >> buy, buy, buy! >> i think it's a terrific stock and i want you to own it, particularly if it gets any weakness. i want you to buy, buy, buy. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. >>> coming up -- waiting for washington to rise above? get your portfolio prepared for whatever happens call, tweet, or e-mail and find your way to the latest edition of "am i d

it is in the same spot as kind of the often chept port. -- the ancient port. you know, this is always the place where the international links have been made. >> host: andrew blum, when were these undersea cables that you referred to laid? and by whom? >> guest: well, there have been telegraph cables across z the atlantic for 150 years now. the current generation which depending on how you count whether you say individual strands or cable systems, there are about eight or or ten or some say twelve of them across the atlantic. the current generation was all laid since the broadband boom in the mid '90s in the -- i think the first one was finished in '97 until about 2002 when the last one was completed, and they're owned by a few different kinds of companies. they're owned either by very large backbone companies like level three you mentioned. they're owned by consortia of telecoms, verizon joining with british telecom joining with deutsche telecom perhaps. or a couple of them now are owned by kind of boutique companies that only own cables across the atlantic. i'm thinking in particular of the ca

, ports. and they did over a week. at first they thought they might get 10,000 or 12,000 out. then every sail boat, yacht, everything that could float was sent over and they got more than 200,000 british troops off and 130,000 french. i found it interesting that several thousand french troops, maybe 10 or 20, chose not to go. they thought the war is over, we lost and they went home back to their farms. how they fared no one knows. host: whether was your reaction in great britain to dunkirk? guest: churchill -- and churchill did this -- he made a defeat sound as if it was the ost heroic -- and he saeid evacuations, retreats are not victories, he was clear on this. but the way he said it made dunkirk sound like a heroic victory. and the british people came away saying, well, if we can do that, we can bloody well whip the hun. well, they had it backwards. they were running, swimming literally, home without their weapons, without their tanks and jeeps -- they didn't have generals then but trucks and rifles. they came back soaking wet with no weapons and church ill is telling the paoeeople th

ports from massachusetts to texas. >>> stock prices have doubled since march '09 and that hasn't stopped american investors from selling stocks five gleers a row. an associated press analysis shows individual investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun

of this possible missile launch. the maritime sdf vessel carrying pac-3 missile interceptors has left its home port in hiroshima bound for okinawa. the pac-3 surface-to-air missiles are capable of shooting down debris should it come near the ground. the interceptors will be placed at several sites in okinawa. defense ministry officials expect the missile's flight path could take it over the islands of okinawa. commanders say they'll deploy aegis cruisers in those waters. they say they would only react if debris from a missile fell over japanese territory. >>> investigators are trying to understand why a highway tunnel near tokyo collapsed. panels on the tunnel's ceiling gave way, trapping people inside. nine people were killed. the accident happened sunday morning along a highway connecting tokyo to other parts of central japan. operators say bolts holding up concrete panels on the ceiling may have been defective. the operators say more than 300 panels suddenly fell. the debris covered a distance of more than 100 meters. the tunnel itself runs almost five kilometers. three vehicles were trapped ins

the school exactly where it was in indiana, we did smart things in terms of rebuilding a port that was smarter than there was before. first and foremost, we have to find ways to not stand in the way of the smart decisions but to encourage them. with whatever money we have, that will allow the money to go farther and be smarter. a second, and you will see what we provide our supplemental request, you will see that we propose to invest in mitigation. we know from studies that for about every dollar that we invest in mitigation, we get $4 back in avoided costs over time. that is something we have to recognize as we go in. the federal government investing in these, and making a specific part of this proposal in each of the areas will be important. i would hope parted the reason the president asked me to do this, i've worked in the private sector in new york and new jersey. behooved there is a real potential here -- there is a real potential here. if we are avoiding future costs, avoiding private sector costs in the future, there should be a way to capitalize the benefits in the fu

and roosevelt gave it to him and named him the first ambassador, the first irish catholic ambassador to the port of saint james to great britain and was one of the worst decisions that roosevelt had ever made but he somehow believed he could keep kennedy in check, but he couldn't. he couldn't. kennedy was to men when he talked to his children he was a cheerleader, she was on optimist -- he was an optimist in the relationship into the 20th century, she was a having made his pile of money, he was convinced that it was going to be taken from him. he was convinced that democracy and capitalism would be taken from the united states. if the end united states entered the war, entered world war ii on behalf of the british. nothing was more important to him than making sure that there was no war and then keeping the united states out of the war and he did everything he possibly could. he violated critical. he didn't follow orders. he met secretly with german diplomats to be that he was convinced that as a businessman, she knew how to negotiate a deal, and that if he were put into a room with hitler, the

issues as they relate particularly to our ports, because she is known for her work with the port of long beach and i have ports in my district as well. and will be missed on the women's softball team. we are friends here. we are colleagues here. we bring our human qualities. and we bring our leadership skills. and the california delegation makes me proud every day and in the next congress, it will be the memories and the service that has been given to us from these colleagues of ours. and that's why i thank you, mr. miller, for setting aside this hour for us to share our thoughts. >> i saw that andrew and hunter are here. the stark kids. i would like to yield to congresswoman barbara lee. ms. lee: thank you very much. and i want to thank you, congressman miller, for organizing this special order tonight. first to congressman pete stark, who is our departing dean of the california delegation, congressman stark represents a district right next door to my district in the east bay of california, northern california. i just have to say, i have known congressman stark since i was the president

. >> susie: thas "nightly business port" r weesday, decber 19 have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.

was there was a coastal port, a major fortification, the allies needed to resupply their forces and needed the harbor. the only problem was there was another gun issue. like pointe du hoc it was a suicide mission. the battery, the grass battery, as many people called it, had massive battle should sized guns that were buried most of the entire fortress was buried underground, picture kind of a four story building fortress that had been buried underground. there were elevator's going down, there was an entire hospital, mess hall, everything. to the naked eye, you look across a farmer's field and all you see is a tiny little pillbox, that was the battery and for months the men of "dog company" tried to find that battery and take it. that was their objective. the guns were devastating. they fought on hill's 63 in the men described to me how the shells came over like freight trains. the shells could destroy an entire hedgerow, small mound of earth and barry men alive and that is exactly what happened. a fox for several weeks in this place and what is amazing is a small team of four men, known as the fabul

con. he called it -- lincoln. he called it land improvements. he meant ports and railroads at the time. public infrastructure is always the public's responsibility. so the question is never whether or not you're going to do it, you have to do it. the question is when does it make most sense? i would submit to you that it makes most sense today. why? because money is as cheap as it's ever going to be. every municipal government throughout this country borrows money by issuing debt bonds to underwrite the cost of building new frals. we -- infrastructure. we could be borrowing money today for about 1%. labor is cheap, equipment is cheap, because both are idling. and we clearly need the infrastructure investment. final thought on this? transportation for america, a not-for-profit organization, identifies 69,000 structurally deficient bridges in this nation. there's over 2,000 structurally deficient bridges in my state of new york. and in western new york we have 99 structurally deficient bridges. every second of every day seven cars drive on a bridge that is structurally deficient. we saw

water port on the east coast. we are planning to take full advantage of the panama canal, the changes there coming soon. which gives us the ability to bring commerce into virginia. we are aggressively building our rail system. going from the port of virginia west to try to get that traffic out west. we are -- just announced that we are building another highway. it will be a toll access highway. but one of the primary purposes of that highway is to bring truck traffic from the port of virginia inland. and connect it directly with interstate 95. and so that will help us again through the commerce side of the equation to bring in new commerce and the commonwealth of virginia. i'm going to mention something that's been a little bit taboo as of late. the governor is not ashamed of it as all. as a matter of fact we've taken full advantage of it. and it was discussed earlier, that's incentives to business. the governor has put significant additional resources into our virginia economic development partnership. both funds that he has at his disposal to incentivize and encourage business to co

or the bears? the traders' take ahead of the opening bell. a port strike is looming. we'll ask retail federation matthew shay about the billions of dollars that could be at stake. plus, what he thinks of the holiday retail numbers. let's look at the futures as we head to the opening. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seaf

people make sure that the middle class and the port are taking care of. we have the calmness from "the move on.times," let's >> hours later, senator reid returned to the floor. >> i now ask unanimous consent that at 1:30 p.m. today, the senate did proceed to read s664, regarding the debt limit increase, that there be no limits [indiscernible] upon user yielding back at that time, the bill will -- >> is there an objection? >> i reserve the right to object. what we're talking about is a perpetual debt ceiling grant in effect to the president. matters like this always require 60 votes. i would ask my friend, the majority leader, if he would modify his consent agreement to set the threshold at 60. >> majority leader? >> reserving a right to object. what we have here is republicans in the senate not taking is for an answer. this morning, the leader asked for consent on the proposal. now i am telling everyone to have that good, upper down vote. now he rejects his own idea. i guess we have a filibuster on the bill. so i object. >> is there an objection to the original request? >> yes, i rejec

's busiest port since a 10 day lockout by longshoremen in 2002. and this one is taking place after the busy pre-holiday shipping season. major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss f

/2% cost of living increases next year and in 2014. there's also a $3500 signing bonus. the port commission is expected to approve this new contract next week. >>> well, close to 38,000 people have already signed an on online petition against the new logo for the university of california. the new, more simple and contemporary image, there it is. it was unveiled on friday. besides the website changed, there's several other facebook pages stopping the university from using. they say they will still use the 144-year-old seal but says the new logo represents a modern look for the university system. >>> police in south san francisco are cracking down on repeat dui offenders. police will be watching for drivers with several dui convictions who are still on the road despite having a suspended license. police say those drivers often do not have insurance and are more likely to receive the seen of an accident. officers say -- leave the scene of an accident. officers say those repeat offenders risk being arrested and having their car impounded. >>> bay area drivers may think that christmas has come e

to port. it is a half tour of the world and stops in tahiti. so who wouldn't. that's interesting and i really admire him recommend his account. a kind of dawning consciousness of human relationship is quite interesting. thank you so much. [applause] >> i did just write this name to the michelle held up committed to better achieve, brought up of hope and change. i did it because i was talking to the national review online come and interview and said why did she write this? is admit to to be an awakening, something like that? i said you bet it is. it stuns me that half of the american population completely fell for this empty mantra of hope and change. the obama administration was going to be that transcendent administration that got us all together. that is why barack obama earned the white house because he was going to be the great uniter. remember that inaugural address where he said to conservatives, i want to listen to you, especially when we disagree. he was going to meet with conservatives in congress want to wreak. he met twice. so three days after that beautiful speech, the cons

koreans only have one porch. it's difficult to ship things out of that port because of the sanctions. typically any ballistic missile parts would fly through china to the north. china is north korea's only friend. there have been reports of voice of america this week that iranian team was seen in north korea, in recent days. there are questions tonight as to whether the iranians helped or benefited from this north korean ballistic missile launch. >> shepard: jennifer griffin, thanks. from the pentagon. just released fox news poll finds most americans think the government is broken. but some fresh hope tonight that our leaders can get things together in time to keep us from going over the fiscal cliff. we'll show you what is driving the optimism. there is quite a bit of it. plus, possible break in case of the manhattan murder. days after somebody carried out apparent execution on the sidewalk. police found a very important clue miles from the scene. it could help them track down the killer. they need some help. so we'll show you with the help of journalists on fox news with this wedne

place they were at was a place called brett. there was a coastal fort, a major port. allies needed to resupply their forces. they needed a harbor. the only problem was there was another gun position. and like pointe du hoc, it was a suicide mission. something called the locust battery. the locust battery had massive battleship sized guns that were buried mostly the entire fortress buried underground. picture a four-story building, fortress, that had been buried underground. there were elevators going down this thing. .. >> the men described to me how the shells came over like freight trains. the shells could destroy an spire hedge row, a small mound of earth, and bury men alive. and that's exactly what happened. they fought for several weeks many this place -- in this place x then what's amazing is a small team of four men led by lieutenant bob evland, they were known as the fabulous father. the fabulous four found a bunker and a small path that had been worn out. it looked like it had been utilized. the entire lotus battery has been surrounded by hundreds of thousands of minds and

time off today, making headlines the threat of imminent labor unrest at these ports. there are four pacific northwest ports. it's been averted. the dock workers union says its workers will stay on the on job despite substandard controls. both sides are leaving the door open to further negotiations. meanti meantime, about 15 container cargo ports on the atlanta and gulf coast are bracing for a strike by nearly 15,000 union dock workers on december 30th unless shippers extend their contract. and commerce on a key stretch of the mississippi could be halted earlier than expected next week due to low water levels. this could disrupt shipment of grain and other goods and it could do it for months. shippers have been watching a street of the mississippi between st. louis and cairo. and you never know if you were pronouncing it right, some of these others like bagoda or lima, ohio, or versailles. you never know but i think it is cairo, illinois, due to concerns about potential closers.ñ >> i'm not looking at you. >> all week on cnbc we've been focusing on the prospects for 2013. sheer is s

ports. a work stoppage to cost the economy $1 billion a day. it's friday, december 28th, 2012. and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. and it does feel like we're living a bit on the edge of the fiscal cliff, at least. i'm andrew ross sorkin along with joe kernen and becky quick is off today. our guest host this hour, ed kehone. he's the management associate portfolio manager and we are thrilled to have ed aboard for -- i think you'll be here for longer than an hour. you'll be here for the whole broadcast. >> as long as you need me. >> you're like -- how long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've seen him around. do you remember his nickname? >> i don't. >> whatever you think of him, he's a great guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one bei

.s., confiscated over 166,000 pounds of cocaine and secured over 472 vessels before they arrived at our ports. this legislation will give the coast guard the funds that it needs to upgrade equipment and purchase the right vessels for carrying out every mission that they need. this kind of work exemplifies the heroes like chief petty officer terrell horn of california. officer horn died in the line of duty last week while tracing drug smugglers off the coast of california. our thoughts are with his family and friends. his actions and service remind us of the danger that the task of the men and women of the coast guard do on a daily basis. and that's why it was so important that we pass this reauthorization bill. we couldn't have done this reauthorization without the many hours that senator begich put in to help it get across the finish line. and he knows how important the coast guard is to the men and women of the pacific northwest and to my state of washington. the coast guard is part of our maritime culture in the pacific northwest and this bill helps the coast guard watch over our people an

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